If loan is taken in joint name of husband & wife but payment being made of installments from husbands account.
Can full amount of interest and principle can be claimed u/s 24B and 80C from husbands income.

Loan given to a company by its director's father(Say X) few years ago..
In the year 2005, X died.
No legal hier of X has claimed the amount due to company till date.
please suggest me the appropriate treatment for the same.

VAT and CST paid on purchase on assets .
Is such classified as input credit in CENVAT rules
And if yes
Can we claim refund if such are not utilised ????

While issuing Form 16 to Employees is it necessary that Employer has to sign personally on Form 16 or Fascimile will do?

One of our client is suffering as he has to sign more than 5000 Form 16...

Hi
Under what head salaries drawn by the directors, of company is charged? INcome from salary or as business income? for example salary drawn by Anil ambani from his company?

whether interest on the housing taken by the husband in the name of the wife is allowable in his hands when the wife is not having any taxable income. please give any decision in this connection

can anyone tell me the best books for pe-2 for info. tech, income tax and auditing .plz help me as i am in desparate need . my exams are due in nov. 2008.

Whether Long term capital loss on sale of shares can be set off against long term capital gain on sale of property? Pls also provide respective section and explaination.

1)I have been paying ever year
Rs. 20,000/- for reliance insurance
2)Three years locking period after three years
3) I am an income tax assessee (salary income 35000000/-p.a)


If i will earn Rs. 120000/- after three years

If any tax liability on margin earnings

And please explain U/s. 10(10D) of IT Act
Is applicable in my case

thanks & regards.
balu

Sir will the amount of dividend reinvested in mutual funds, say SBI TAXGAIN Div. reinvested plan, qualify for deduction u\s 80C?

Further will the PPF interest be allowed u\s 80C on the same footings?

The above doubt is created as there is no requirement of depositing the amount out of the taxable income for claiming deduction u\s 80C.